SPDR MSCI Correlations

Etfs . USA . 
Etf . SPDR MSCI Emerging
QEMM Etf  USD 71.56  1.01  1.43%   
The current 90-days correlation between SPDR MSCI Emerging and First Trust RiverFront is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR MSCI Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SPDR MSCI Correlation With Market

Poor diversification

The correlation between SPDR MSCI Emerging and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR MSCI Emerging and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with SPDR Etf
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in SPDR MSCI Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with SPDR Etf

  0.95VWO Vanguard FTSE Emerging Sell-off TrendPairCorr
  0.97IEMG iShares Core MSCIPairCorr
  0.96EMC Global X FundsPairCorr
  0.99EEM iShares MSCI EmergingPairCorr
  0.96SPEM SPDR Portfolio EmergingPairCorr
  0.97FNDE Schwab FundamentalPairCorr
  0.96ESGE iShares ESG AwarePairCorr
  0.95SFGRX Seafarer OverseasPairCorr
  0.99DGS WisdomTree EmergingPairCorr
  0.98XSOE WisdomTree EmergingPairCorr
  0.75VTI Vanguard Total StockPairCorr
  0.73SPY SPDR SP 500PairCorr
  0.73IVV iShares Core SPPairCorr
  0.82VTV Vanguard Value IndexPairCorr
  0.75VO Vanguard Mid CapPairCorr
  0.9VEA Vanguard FTSE DevelopedPairCorr
  0.79VB Vanguard Small CapPairCorr
  0.64JNJ Johnson JohnsonPairCorr
  0.68DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.92XOM Exxon Mobil Corp Aggressive PushPairCorr
  0.78INTC Intel Aggressive PushPairCorr

Moving against SPDR Etf

  0.75HPQ HP IncPairCorr
  0.54MSFT MicrosoftPairCorr
  0.46MMM 3M CompanyPairCorr
  0.32TRV The Travelers CompaniesPairCorr
  0.31T ATT Inc Earnings Call TomorrowPairCorr

Related Correlations Analysis


SPDR MSCI Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR MSCI ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze SPDR MSCI's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ROAM  0.53  0.13  0.11  1.55  0.56 
(0.56)
 1.19 
(1.03)
 2.27 
MEM  0.73  0.09  0.05  0.68  0.86 
(0.71)
 1.72 
(1.70)
 4.83 
ENOR  0.72  0.17  0.14  16.67  0.68 
(0.82)
 1.98 
(1.29)
 4.24 
FLLA  0.90  0.31  0.19  1.86  1.04 
(0.98)
 2.34 
(1.58)
 6.61 
EWUS  0.71  0.08  0.08  0.14  0.77 
(0.76)
 1.42 
(1.49)
 4.01 
INEQ  0.52  0.14  0.15  1.78  0.39 
(0.57)
 1.15 
(0.86)
 2.59 
JDVI  0.63  0.16  0.12  4.20  0.69 
(0.65)
 1.51 
(1.15)
 3.14 
EMCR  0.68  0.06  0.06  0.14  0.72 
(0.75)
 1.66 
(1.28)
 4.16 
AVMA  0.40  0.06  0.03  0.63  0.39 
(0.46)
 0.92 
(0.91)
 2.08 
RFEM  0.60  0.11  0.13  0.25  0.48 
(0.69)
 1.52 
(1.07)
 3.02 

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